What is the Y-tunnus number of The Switch Engineering Oy?

The Switch Engineering Oy is registered with PRH / YTJ under Y-tunnus 2046716-9.

What is the revenue of The Switch Engineering Oy?

The Switch Engineering Oy reported revenue of EUR 86,7M in 2025.

How many employees does The Switch Engineering Oy have?

The Switch Engineering Oy employs 151 people as of the latest annual report.

Who is the CEO of The Switch Engineering Oy?

Matti Tapani Nikkinen is Confidential Clerk of The Switch Engineering Oy, in role since 2020.

Who is the chairman of The Switch Engineering Oy?

Yuichi Komatsu chairs the board of The Switch Engineering Oy, in role since 2026.

Where is The Switch Engineering Oy headquartered?

The Switch Engineering Oy's registered address is Yrittäjänkatu 11.

The Switch Engineering Oy

OYActive

Y-tunnus 2046716-9Yrittäjänkatu 11, 65380 VaasaManufacture of electric motors, generators and transformers · NACE 2711Est. 2006151 employeeswww.theswitch.com

Overview Financials People & ownership Related companies

Financials

RevenueEUR millions

EBITDAEUR millions

Income statementEUR thousands

Item	2022	2023	2024	2024	2025
Revenue	4 842	4 335	82 661	69 294	86 722
Staff expenses	−1 869	−1 127	−10 384	−9 339	−16 131
EBITDA	−169	−8 193	3 754	3 699	6 331
Depreciation & amort.	−4	−3	−1 851	−1 775	−1 354
EBIT	−173	−8 195	78 640	5 883	4 976
Net financials	−2 556	150	−321	248	−1 625
Profit before tax	−4 649	−8 275	1 581	2 172	3 351
Tax	963	12	587	697	−19
Net profit	−5 612	−8 288	994	1 476	4 466

Balance sheetEUR thousands

Item	2022	2023	2024	2024	2025
Total assets	33 740	67 502	71 304	70 021	70 372
Equity	28 130	19 842	30 836	53 192	23 449
Long-term debt	—	7	0	0	0
Short-term debt	5 596	23 510	18 397	22 509	29 825
Total debt	5 611	23 517	18 397	22 509	29 825

Financial ratios5-year trend

EBITDA margin

7.3%

This company

15.8%

Market median

-54% vs market

20222025

Equity ratio

33.3%

This company

38.2%

Market median

+13% vs market

20222025

Return on equity

19.0%

This company

18.4%

Market median

+3% vs market

20222025

Net profit margin

5.1%

This company

8.1%

Market median

-37% vs market

20222025

Asset turnover

1.23×

This company

1.12×

Market median

+10% vs market

20222025

Debt / equity

2.00×

This company

0.62×

Market median

-223% vs market

20222025

Annual reports & filings

Annual report 2025
Filed via PRH / YTJ · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via PRH / YTJ · Period 2024-03-01 – 2024-12-31
View PDF
Annual report 2024
Filed via PRH / YTJ · Period 2023-03-01 – 2024-02-29
View PDF
Annual report 2023
Filed via PRH / YTJ · Period 2022-03-01 – 2023-02-28
View PDF
Annual report 2022
Filed via PRH / YTJ · Period 2021-03-01 – 2022-02-28
View PDF